Long An - "rising star" of the real estate market

After the adjustment period, the real estate market is returning to the race with increasingly clear signs of recovery and acceleration. A new market cycle is gradually being established and starting. The new context calls Long An as a bright spot for investment, a “rising star” in the new cycle.

After the adjustment period, the real estate market is returning to the race with increasingly clear signs of recovery and acceleration. A new market cycle is gradually being established and starting. The new context calls Long An as a bright spot for investment, a “rising star” in the new cycle.

The real estate market is entering a new cycle.

The real estate market is on the rise with impressive numbers. According to the third quarter 2024 market report of the Vietnam Association of Realtors, compared to the same period in 2023, the total number of successful transactions in the market in the quarter reached 10,400 transactions, 80% higher. In the first 9 months of 2024, the market recorded 30,589 successful transactions, 2.5 times higher than the same period in 2023.

The above reality shows that, besides the real demand still leading the market, the investment demand is also restarting. This is resonated by many factors, from The 2023 Real Estate Business Law, the 2023 Housing Law and the 2024 Land Law officially take effect from August 1, 2024, removing bottlenecks in the legal and policy corridors, unifying product structures, and creating expectations for a transparent and sustainable market. Market confidence is thus restored.

Satellite cities located next to key urban areas are increasingly receiving great attention (In the photo is the integrated urban area Waterpoint of investor Nam Long)

Catching the new market cycle, smart investors have started their "buying" plan. After a period of fluctuations, a new investment appetite has been formed with a clear definition of a sustainable investment trend, aiming at existing projects, created by reputable investors to serve as a "shelter" for cash flow. The potential in key markets such as Ho Chi Minh City, although still present, is no longer too large. Investors are looking to satellite markets located near Ho Chi Minh City, possessing great economic potential, strongly developing industrial, commercial, and service real estate...

The trend of shifting is getting stronger and stronger when most recently, according to the 2024 Land Law on adjusting the new land price list, Ho Chi Minh City has issued a new land price list applicable from October 31 to the end of 2025. Thus, the price of residential land in Ho Chi Minh City, which has already established a high price level, will continue to increase by about 3-38 times compared to the price of residential land stipulated in Decision 02/2020. This is a push to promote the trend of shifting to satellite cities and border areas to buy houses and invest in real estate to develop faster and stronger.

Long An - destination for new investment tastes

In the shifting trend, Long An - the gateway to the Southwest, connecting Ho Chi Minh City and the Mekong Delta provinces is a destination of the new growth cycle. The outstanding development of traffic infrastructure with Ring Road 3,4, Ho Chi Minh City - Moc Bai Expressway, Ben Luc - Long Thanh Expressway... and other arterial roads have created seamless connections and smooth trade between Long An and important areas in the development zone of Ho Chi Minh City and the Mekong Delta.

For many consecutive years, Long An has always affirmed its solid position in the top 10 provinces and cities nationwide in attracting foreign investment. This is a locality that has received FDI capital from about 40 countries and territories with 1,282 projects with a total registered capital of over 11.1 million USD.

Analysts say that Long An's real estate market will pick up pace from the end of 2024 when real estate-related laws come into effect, many inter-regional traffic projects are accelerated such as Ring Road 3, Ben Luc - Long Thanh Expressway... to be put into operation in the 2025-2026 period. From a market specializing in "land subdivision and sale" in previous decades, Long An will become a market that directly competes with "leading" provinces such as Dong Nai, Binh Duong...

Located on Provincial Road 830, the connecting point of Long An with Ho Chi Minh City and the intersection of many important infrastructure projects, Waterpoint - the largest integrated urban area developed by Nam Long in cooperation with Nishi Nippon Railroad, possesses outstanding advantages to develop with the new opportunities of Long An. Notably, Waterpoint is almost the only integrated metropolis in the Southwest region, planned to meet the housing needs of 30,000 residents.

Waterpoint's international standard living environment with a harmony between ecology and modern amenities

The project has a scale of 355 hectares with the advantage of 3 sides bordering the Vam Co Dong River, bringing rare values ​​in terms of living environment and landscape. Developed according to the model of an integrated urban area "modern township", Waterpoint brings together an "all in one" utility - service system with a tight completion roadmap, increasing the experience value and long-term potential of real estate products within the urban area. Recently, a series of utilities from international schools, polyclinics, food supermarkets... have been put into operation.

In the last quarter of 2024, Waterpoint continues to be the focus of the Long An real estate market when it continuously launches products in The Aqua compound and soon the next phase of Park Village - a European-style compound located in the middle of the "ecological heart" of 25ha Central Park.

In particular, to celebrate the 32nd anniversary of Nam Long Group (November 16, 1992 - November 16, 2024), the investor launched a gratitude program for 11 customers with successful transactions this November, with a value of 320 million VND for each transaction.

Source: https://baodautu.vn/batdongsan/long-an---ngoi-sao-dang-len-cua-thi-truong-bat-dong-san-d229375.html